Best Buy Expansion In China Disturbed Shop License
Not the Ministry of Commerce approval, Best Buy stores shop can not determine the time of the second
Recently, sources said, because Best Buy did not get the Ministry of Commerce of the license, making Best Buy stores in China, plans to open a second delay.
Sectors, but Best Buy told reporters: "All our things are carried out simultaneously with the approval, no approval will not affect our shop to get the speed."
Best Buy Expansion in China by the disturbance
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Second store blocked
Scheduled for New Year's Day 2008, a second store opened, the time delay until March is still no clear timetable. Some analysts believe that before, mainly Best Buy not meet the Chinese market, water and soil, affecting the progress of the shop.
But Best Buy has Yiu-joa senior marketing director, said earlier, mainly "internal decoration of the problem." "Approval not affect the main shop Best Buy, we have not yet completed the internal decoration is a connection, 21 pm, we are still and construction teams to consult on the construction." Sectors, said Best Buy.
In fact, the truth is that Best Buy did not get the Ministry of Commerce for approval. Recently, Best Buy close Beijing office, the Office official said, Best Buy stores do not get a second license to the Ministry of Commerce, so there is no way to shop on time.
According to the Ministry of Commerce, where foreign retailers to open stores in China, the Ministry of Commerce for approval must be obtained. However, Best Buy did not get the Ministry of Commerce approval, so its second store, is still without permission. Best Buy aspects of the responsible person admitted: "Best Buy does not permit access to the Ministry of Commerce, at present we are applying for."
Why Best Buy
no way to get the permit? The Best Buy who said: "The main reason Best Buy is the fitting problem areas; but mainly by the Ministry of Commerce approved the decision, instead of Best Buy refuses to answer the reasons for it."
Best Buy and did not disclose when the Commerce Department will approve permits down, there is no way to determine a second store in time for a specific shop. "We should soon be able to get approval."
Best Buy into a "regional brand"
Sectors, but Best Buy told reporters: "We all work up shop simultaneously with application for approval, temporary approval is not received will not affect the speed of our shop."
In addition, the earlier Best Buy CEO International Operations Group, Robert? Weilie Te has expressed the hope that the development of 6-8 new stores in China. "Other stores have already selected the basic address, in Shanghai." Best Buy insider told reporters, "not going to leave Shanghai for external expansion."
Selected for the new address, however, whether the new U.S. headquarters to develop the number of plans to open 6-8 stores, the Best Buy told reporters: "6-8 stores not realistic, we believe that 2-3 store more realistic. "
Sectors, according to Best Buy Description: "address is currently being investigated various properties to open new stores, but has not yet selected a final location, we mainly refer to the following factors: flow, rent, transportation, and markets in all aspects."
The person also told reporters that Best Buy will each open a new store to the Commerce Department to obtain approval, "but approval will not affect the opening of these stores, including store decoration and staff recruitment are carried out simultaneously with approval."
Or to seek cooperation in capital levels
Best Buy blocked for approval, while the capital level in the United States may seek cooperation and national news came again. Recently, a domestic media said Best Buy's largest institutional investors CapitalGroup has become the major shareholder of Gome, Gome and Best Buy and other foreign investment may be brought together in CapitalGroup, for capital level of cooperation.
"We do not convertible and the National beauty, there is no intention of mergers or acquisitions." Best Buy insider told reporters, Best Buy and the National United States without any contact.
And He Yang Qing, vice president of Gome, also said Best Buy is not convertible with the plan.
But before Fang Jian had news that the U.S. and Best State will be convertible, in which Best Buy to exchange for the assets in China, Gome's shares, but does not seek to Holdings, the country the United States and Best Buy were denied both aspects of this .
However, according to informed sources, Best Buy recently did the United States in close contact state, to discuss cooperation matters, if negotiated, there may be a drastic move.
Luo Qingqi, senior director of consulting
Paller said, the world's home appliance retail giant's 100 Best Buy into China, developing slowly over the past 3 years out of time before a store. The local home appliance retailers Gome and Suning will have the domestic market share among themselves, in the country and triple the U.S. acquisition of large and medium trading companies, the home appliance retail market, further concentration of resources, Best Buy stores in China, the number of hard to compete with local businesses .
Industry believes that the U.S. Best Buy and country co-operation, will take what we need Best Buy access to channel resources, and to help Best Buy, Gome internationalization. Gome president Chen Xiao said: "States United States will introduce strategic investors with an open mind."
Best Buy Expansion In China Disturbed Shop License
By: sdsv
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